Starting to Think The Bottom May Be Close?

[AakZaki]

If you have money that you want to invest and not use for anything else, then collect more Bitcoins from now on. We're going to see a lot of profit in the long term. See how bitcoin is still holding in the $16k-$17k price area and currently there is a tendency for recovery. 2023 could be a good year as long as there is no FUD like the previous ones. There's nothing wrong with collecting more, it's the same as making an investment that will give you future profits from every bitcoin you collect. if the price can be much lower than now, that will also be the best opportunity, but don't get your hopes up, buy gradually.

[1715279918]

1715279918

[1715279918]

1715279918

[1715279918]

1715279918

[Yatsan]

Will always be hard to tell. The market price could stabilize, go up, or fall down. Depends on indicators and factors. Right now, I think it is more likely to stabilize at its present market value until something of a news would take place to wake the interest of investors to engage with this industry, again, just like with previous all time highs. Also, what's anticipated right now is the 2024 halving but that would be too long to wait. If there would be other indicator, we may see its market value to climb up and break the $20k barrier afterwards.

If you have money that you want to invest and not use for anything else, then collect more Bitcoins from now on. We're going to see a lot of profit in the long term. See how bitcoin is still holding in the $16k-$17k price area and currently there is a tendency for recovery. 2023 could be a good year as long as there is no FUD like the previous ones. There's nothing wrong with collecting more, it's the same as making an investment that will give you future profits from every bitcoin you collect. if the price can be much lower than now, that will also be the best opportunity, but don't get your hopes up, buy gradually.

FUDs will never be gone as long as there are people who believed in it. Also, in this industry wherein there are no certainties, assumptions will surface the web continuously and that simply includes FUDs as part of it. This is why making onself knowledgeable would be always encouraged.

[lixer]

What is your main reason for asking this? have not mentioned if willing to invest or just curious to what will be the future prices?

On his last sentence he is asking if he will accumulate. The OP came from Twitter and it looks like he have some good backgrounds at analysing the price because he already laid out some samples there. He came here asking for a second opinion other than relaxing for a while in twitter. I agree on the sample analysis that he laid there.

$16k is indeed solid which is why I don't think we fall beyond that point but I don't also think that we will fall below $17k. So the OP should hurry up now and accumulate more coins before we saw more price increases. There will be pauses and then there will be small decline, which we can use again for accumulation.

[TimeTeller]

What is your main reason for asking this? have not mentioned if willing to invest or just curious to what will be the future prices?

On his last sentence he is asking if he will accumulate. The OP came from Twitter and it looks like he have some good backgrounds at analysing the price because he already laid out some samples there. He came here asking for a second opinion other than relaxing for a while in twitter. I agree on the sample analysis that he laid there.

$16k is indeed solid which is why I don't think we fall beyond that point but I don't also think that we will fall below $17k. So the OP should hurry up now and accumulate more coins before we saw more price increases. There will be pauses and then there will be small decline, which we can use again for accumulation.

I would also like to congratulate the OP for finding this forum as he can get a lot of valuable insights from here on.
As he has a lil bit of an idea what's going on, he can be considered not really a newbie in crypto.
If he does believe in the capability of btc, of what it may contribute to the financial market, he can invest anytime he thinks he can afford to.
As everyone is reminding everyone, just invest what you can afford to lose, don't loan money or any of that sort, because no one can assure where the market is heading to.

[ethereumhunter]

I didn't think that the lowest bitcoin price was $16k because the bitcoin price could touch below $16k at any time. The current price is not impossible to fall even deeper, but the question is, have you bought bitcoin at every lower price?

But indeed, the situation in this new year is getting better than last year because we can see a slight increase in the price of bitcoin. But that does not mean we will continue to see the price of bitcoin increase because any increase will surely face a correction for a while. You can still collect more bitcoins because the price has not yet reached $20k and the current price is still worth buying for you and all of us.

Back in June indicators like RSI signaled market had dipped to its lowest. Apparently, it didn't rise up after a few weeks, and then by November it goes to $15K. It could be the bottom already yet the market is very unpredictable. The FED they said will pivot which was also anticipated to happen, I guess that will be the moment the financial guys are saying.

If it goes below $15K in a few weeks, then we are really going to be seeing Bitcoin bottom on the monthly chart which had not yet happened in the history of BTC.

The movement of bitcoin seems to be affected by news from the FED so that it inhibits the price of bitcoin from increasing and it seems that there is indeed an intention to hold the price of bitcoin so that it does not rise first because the global situation is still uncertain. But in the future, I'm sure that when the time comes, the price of bitcoin will go up high and nothing can prevent it. And when the bitcoin price starts to increase, it will surely make many people who don't believe in bitcoin be surprised and amazed by the power of bitcoin. But we don't expect the bitcoin price to drop to $15k in the next few weeks.

[Jating]

I didn't think that the lowest bitcoin price was $16k because the bitcoin price could touch below $16k at any time. The current price is not impossible to fall even deeper, but the question is, have you bought bitcoin at every lower price?

But indeed, the situation in this new year is getting better than last year because we can see a slight increase in the price of bitcoin. But that does not mean we will continue to see the price of bitcoin increase because any increase will surely face a correction for a while. You can still collect more bitcoins because the price has not yet reached $20k and the current price is still worth buying for you and all of us.

Back in June indicators like RSI signaled market had dipped to its lowest. Apparently, it didn't rise up after a few weeks, and then by November it goes to $15K. It could be the bottom already yet the market is very unpredictable. The FED they said will pivot which was also anticipated to happen, I guess that will be the moment the financial guys are saying.

If it goes below $15K in a few weeks, then we are really going to be seeing Bitcoin bottom on the monthly chart which had not yet happened in the history of BTC.

The movement of bitcoin seems to be affected by news from the FED so that it inhibits the price of bitcoin from increasing and it seems that there is indeed an intention to hold the price of bitcoin so that it does not rise first because the global situation is still uncertain. But in the future, I'm sure that when the time comes, the price of bitcoin will go up high and nothing can prevent it. And when the bitcoin price starts to increase, it will surely make many people who don't believe in bitcoin be surprised and amazed by the power of bitcoin. But we don't expect the bitcoin price to drop to $15k in the next few weeks.

It did increase though right? from $16k we have move up to $19k although there could be downward pressure in the weekend pulling the price to $18k++. Still this is a very positive outlook at the start of the year.

If you are talking about the future, maybe after the block halving, then definitely the price will increase ten folds as we will officially enter the bull market by that time. So short term, let's see $20k if that is possible or not. We don't need to force it this month though.

[cryptoaddictchie]

I think btc halving will have a big effect on market positively however we are far away from it yet. Surely people will love to accumulate funds now and continue to do dca. We cant be positive yet with all the heavy fud coming to centralized market and until this issue died out we cant move forward without huge doubt from other retailers and even institutions. But I believe it will be just temporary and will go back to the trendy hype like last bull run.

[Marvell1]

It's too much of a headache to even think about if the market already bottomed or not, instead of doing this I will keep buying when I have some money since we are still in a bear market anyway, if BTC dips to 10k it is going to another great opportunity to buy.

I have a portfolio I built when BTC was 17,000$ in June 2020 and I have another portfolio I built when 15,000$ per BTC happened, it won't hurt to build another if 10,000$ per BTC happens.

Indeed, trying to determine the bottom of bitcoin only adds to our stress and is a waste of time. Even though bitcoin is trending up and can hit $20k but in price comparison, bitcoin is still down more than 70% from ATH, which can be said to be a bargain price to buy. It is confusing for those who are still waiting for bitcoin to bottom without buying from now on.

I decided to begin accumulating when bitcoin fell below $25k because I thought it was a price that was in line with the target I had set. And I will keep collecting bitcoins until the halving happens.

[Kelvinid]

I have been thinking over the last few days that the bottom for Crypto may be closer than we think? After all the FUD and bad economic news, it does seem that $16k was very solid for Bitcoin. I was just reading this post that I came across on Twitter: https://cryptochiefs.io/crypto-outlook-2023-is-the-crypto-winter-nearing-its-end/

What they are saying does make sense. Especially about the Fed Pivot, as I think the rises will be paused very soon. I think the economic situation will improve dramatically over the next 12 months.

Bitcoin will recover even if these people will never support crypto. The winter is likely to have an end, that is my opinion. We are moving forward to face the next market cycle which is the bull season. Bitcoin had overcome many market crises in the past and still makes it soaring high. That it keeps my spirit to invest Bitcoin more rather than waiting when the price to rally back.

This leads me to the question... so I need to start accumulating more heavily? LOL

If that will please you and you think it was comfortable, then make do it. Don't worry about the dip nor think about it every day as it only bothered you to make good decisions.

[Nrcewker]

Firstly it is great to have found this forum, makes a refreshing change from Crypto Twitter haha.

This forum is as older as Bitcoins. Indeed this forum was founded by the Og Bitcoins and Satoshi himself. Very sad to hear that you found about this forum so late, and were busy in twitter crypto fights. Nevertheless if we come back to the Op, then my friend Bitcoins won’t fall further. And if you now greed for more profits, then I am fearing that you might miss this golden opportunity to buy the Bitcoins at such a low price. So if you are able to buy Bitcoins anywhere below 20k usd, then consider yourself lucky. Don’t waste time and buy as many bitcoins as you can.

[AakZaki]

FUDs will never be gone as long as there are people who believed in it. Also, in this industry wherein there are no certainties, assumptions will surface the web continuously and that simply includes FUDs as part of it. This is why making onself knowledgeable would be always encouraged.

FUD is a part of the current crypto market to influence market prices through Fundamentals, some FUDs are deliberately made so that the market is unstable and some people who believe in FUD will panic and take selling actions. when the market price starts to fall, the FUD objective has been achieved and some good news will start to appear to make the market improve again and practice a bull run.

[indah rezqi]

FUD is a part of the current crypto market to influence market prices through Fundamentals, some FUDs are deliberately made so that the market is unstable and some people who believe in FUD will panic and take selling actions. when the market price starts to fall, the FUD objective has been achieved and some good news will start to appear to make the market improve again and practice a bull run.

Yeah, that always happens in the market but I guess only temporarily.
I don't think FUD would be bad for anyone expecting bitcoin to be priced low, especially if they want to invest a lot. FUD is bad for price stability because usually the bad effect is panic among traders. But so far people have probably realized that FUD is just part of the market and won't last much longer. Even if people are freaking out a lot with big transactions to exchanges, it can also trigger panic.

[Woodie]

With the current bullish momentum that the market is showing, looks more like people have missed the  bottom which is not easy to catch... and btw if they aren't lucky won't see this price again anytime soon unless someone out there liquidates a chunk load of coins now to lower prices briefly before the upward trend resumes.

[dansus021]

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like  in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding)  do DCA till we see the ATH

[tygeade]

Firstly it is great to have found this forum, makes a refreshing change from Crypto Twitter haha.

This forum is as older as Bitcoins. Indeed this forum was founded by the Og Bitcoins and Satoshi himself. Very sad to hear that you found about this forum so late, and were busy in twitter crypto fights. Nevertheless if we come back to the Op, then my friend Bitcoins won’t fall further. And if you now greed for more profits, then I am fearing that you might miss this golden opportunity to buy the Bitcoins at such a low price. So if you are able to buy Bitcoins anywhere below 20k usd, then consider yourself lucky. Don’t waste time and buy as many bitcoins as you can.

I do agree that this forum has been one of the peak places for bitcoin discussion for a long time now. I have been here for nearly a decade, and had a few different accounts back in the day but never really took advantage of it, been here non-stop for a long time now.

I have to say I learned so much about bitcoin here because it is not echo-chamber here, if something is bad then it's bad, on twitter if you say something is bad then thousands of bots could gather around to tell you are wrong and fool others, here that's not possible. That's why this place has been the best thing that happened to be ever, this forum is my entire profit reason and that's why I love it so much.

[Reid]

Fingers crossed. I want to believe that but when you are experiencing the worst of economy you will have high doubts about it.
Accumulating is a problem when you don't have money in your savings because most of it will just go to expenses for necessities and bills.
Now, if ever this gets better then maybe there's a chance we could see a swing upwards but I won't expect too much, just as I said there are doubts and I know it's not just me. I am optimistic with Bitcoin growing but I don't see the "now". It grew to $20k as of time of writing but there's this strange feeling it won't be long.

[EarnOnVictor]

I have been thinking over the last few days that the bottom for Crypto may be closer than we think?

You have every reason to believe that the market has bottomed now, but we should not get carried away by that at the moment, the market could be surprising. As the year 2023 just started, today is barely the second week of the year, and what the market does now should not be a total representation of what it would do for the most part of the week.

What matters is for us to stay connected with our charts and economic realities for proper speculation and view adjustments. What helped BTC to rise this week is the US CPI, and that might have a few more days of impact on it before it starts doing what it wants through the real market sentiment.

[bitgolden]

I have been thinking over the last few days that the bottom for Crypto may be closer than we think?

You have every reason to believe that the market has bottomed now, but we should not get carried away by that at the moment, the market could be surprising. As the year 2023 just started, today is barely the second week of the year, and what the market does now should not be a total representation of what it would do for the most part of the week.

What matters is for us to stay connected with our charts and economic realities for proper speculation and view adjustments. What helped BTC to rise this week is the US CPI, and that might have a few more days of impact on it before it starts doing what it wants through the real market sentiment.

Yeah, it is doing very well but I disagree that it shouldn't represent all of 2023. I think it does mean something good, I mean it's obvious that we are going to be different in 2023 than we were in 2022 and by the looks of it we are actually doing quite well enough as well.

This means that we shouldn't be really worried about the current situation at all, we should consider that as normal as it gets and 2023 being great. I am not just hyping the situation up, and yes maybe it could drop back down this week as well, but that doesn't change the fact that we had a great start to the year and shows that people are willing to spend money on it.

[crzy]

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like  in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding)  do DCA till we see the ATH

If you missed the opportunity to buy during the bottom price then cost averaging is a good strategy, just buy the good coins and don’t ever hold any tokens that is not good, cost averaging should only be done with the top coins so your funds will be more safe. The market is getting better now, the pump is a good sign for us. Just wait for more pump and we will confirm if the bull is already happening or this is just a small pump.

[AmoreJaz]

So i need to start accumulating more heavily? the answer is No, but accumulating slow and steady yes Dollar Cost Averaging is still the best In my opinion like  in my previous post that bitcoin break 20K level but we need to see if the price can maintain that price is so you can all IN(*just kidding)   do DCA till we see the ATH

If you missed the opportunity to buy during the bottom price then cost averaging is a good strategy, just buy the good coins and don’t ever hold any tokens that is not good, cost averaging should only be done with the top coins so your funds will be more safe. The market is getting better now, the pump is a good sign for us. Just wait for more pump and we will confirm if the bull is already happening or this is just a small pump.

small pump or not, i believe some people are looking at this market positively now because after few months, we have seen btc jumping up to 20k. if good news will come around, it may sustain the 20k level and may possibly go up for more.
this market is usually affected by the news surrounding it, so if we will hear positive news more then likely we will be heading to 30k. the possibility is high so you need to think on how to collect some valuable coins while the market is still like a bargain.